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Nigeria's central bank bars lenders from Thursday's bill auction - REUTERS

JULY 19, 2019

LAGOS, July 19 (Reuters) - Nigeria’s central bank barred banks from buying bills for their own accounts at an open market auction on Thursday, a move aimed at forcing them to lend rather than invest in bonds, traders said on Friday.

The central bank which had not issued market stabilisation bills for about a week before Thursday’s auction, said in a message to banks that bids must be backed by customer demand. (Reporting by Chijioke Ohuocha; Editing by Catherine Evans)

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